President Donald Trump announced he is considering reducing tariffs on Chinese goods from 145% to 80% ahead of critical trade negotiations scheduled in Geneva this weekend. The proposed cut signals a potential easing of tensions between the United States and China amid an escalating trade war.
In a recent post on his Truth Social platform, President Trump wrote: “80% Tariff on China seems right! Up to Scott B.” (Truth Social). Trump’s statement suggests he is deferring the decision to U.S. Treasury Secretary Scott Bessent, who will lead the U.S. delegation alongside U.S. Trade Representative Jamieson Greer during discussions with Chinese Vice Premier He Lifeng.
Investors responded positively, viewing the potential tariff reduction as a significant step toward stabilizing international trade relations.
According to NBC News, Trump’s openness to lowering tariffs is seen as an encouraging step towards resolving ongoing trade disputes. Since his re-election, Trump dramatically increased tariffs on Chinese imports, citing national security and economic fairness concerns. China, in turn, responded with retaliatory measures, significantly impacting trade between the two nations.
Experts suggest that reducing tariffs to 80% could foster constructive dialogue during the Geneva talks, potentially leading to a broader agreement. However, significant differences remain, with the U.S. emphasizing market access and intellectual property protections, while China seeks the removal of barriers affecting its technology companies.
The outcome of these negotiations is anticipated by global markets, with analysts noting that successful discussions could alleviate supply chain disruptions and economic uncertainty that have characterized recent international trade.
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